NOT LISTED FOR SALE

405 S Heliotrope Ave Monrovia, CA 91016

Estimated Value: $1,180,000 - $1,416,000

6 Beds
3 Baths
2,846 Sq Ft
$462/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $830,000 $292 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $8,235/month

Highlights

  • All Bedrooms Downstairs
  • City Lights View
  • Laundry Room
  • Clifton Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Rotary Park

About This Home

As of May 2017

Rare to find an income property in central Monrovia! Three nice single houses built on one parcel of land without common wall (#401, #405 and #411). Each unit has two bed rooms and one bath with more than 900Sqft. Good tenants have been living there for years. Near old town Monrovia, close to schools, park and hospital. Seller will not fix anything, Sold as is.

Last Agent to Sell the Property

Kathy Wang

Pinnacle Real Estate Group License #01917262 Listed on: 04/13/2017

Pinnacle Real Estate Group

Last Buyer's Agent

Katty Shen

Transglobal Realty License #01384649

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,328

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 9,587 Sq Ft Lot
  • No Common Walls
  • Partially Fenced Property

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,846 Sq Ft Home
  • Roller Shields
  • City Lights Views
  • Fire and Smoke Detector
  • Gas and Electric Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Floor Furnace
  • Standard Electricity
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 8517007001

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • New Taxes Expense $7,000
  • Operating Expense $9,300
  • Gross Income $348,000
  • Net Operating Income $25,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,328

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 626-379-9241
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Zoning: MORM*
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 8517007001
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 291.64
  • Room Type: All Bedrooms Down
  • Window Features: Roller Shields

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Tile
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Gas Water Heater
  • Electric: Standard
  • Heating Type: Central, Floor Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 9587.00

Multi Family

  • Gross Income: 348000.00
  • Gross Scheduled Income: 348000.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 25500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 9300.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 1
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2017
Closed on
May 19, 2017
Sold by
Kns Service Inc
Bought by
Gu Hongxin and Tian Kuan
Seller's Agent
Kathy Wang
Pinnacle Real Estate Group
Buyer's Agent
Katty Shen
Transglobal Realty
List Price
$830,000
Sold Price
$830,000
Current Estimated Value
$1,307,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,306
Avg. Annual Appreciation
5.76%
Original Mortgage
$415,000
Outstanding Balance
$352,638
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$963,077

Purchase Details

Closed on
Mar 25, 2014
Sold by
Kns Service Inc
Bought by
Kns Service Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
4.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 7, 2012
Sold by
Duffield Martin S
Bought by
Kns Services Inc

Purchase Details

Closed on
Oct 12, 2006
Sold by
Cobra Diversified Developments Inc
Bought by
Duffield Martin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,000
Interest Rate
6.46%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 18, 2006
Sold by
Duffield Pamela
Bought by
Duffield Martin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,000
Interest Rate
6.46%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 11, 2004
Sold by
Duffield Martin and Duffield Pam
Bought by
Cobra Diversified Developments Inc and Laird Holding & Securities

Purchase Details

Closed on
May 23, 2003
Sold by
Cobra Diversified Developments Inc
Bought by
Duffield Martin and Duffield Pam

Purchase Details

Closed on
Nov 12, 2001
Sold by
Stephens Ethel A
Bought by
Laird Holding & Securities

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 5, 2001
Sold by
Stephens Ethel
Bought by
Stephens Ethel and The Ethel Stephens Living Trus
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gu Hongxin $830,000 Chicago Title Company
Kns Service Inc -- Title365 Company
Kns Services Inc -- None Available
Duffield Martin S -- Ftc San Bernardino
Duffield Martin S -- Ftc San Bernardino
Cobra Diversified Developments Inc -- New Century Title Company Ir
Duffield Martin -- New Century Title Company
Laird Holding & Securities $285,000 Orange Coast Title
Stephens Ethel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gu Hongxin $415,000
Closed Gu Hongxin $415,000
Previous Owner Kns Service Inc $335,000
Previous Owner Duffield Martin S $534,000
Previous Owner Duffield Martin S $534,000
Previous Owner Laird Holding & Securities $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2017 05/25/17 Sold $830,000 0.0% $292 / Sq Ft
04/13/2017 04/13/17 For Sale $830,000 -- $292 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,328 $963,281 $385,312 $577,969
2024 $13,328 $944,394 $377,757 $566,637
2023 $13,031 $925,877 $370,350 $555,527
2022 $12,661 $907,724 $363,089 $544,635
2021 $12,412 $889,926 $355,970 $533,956
2020 $12,042 $880,801 $352,320 $528,481
2019 $11,834 $863,531 $345,412 $518,119
2018 $11,490 $846,600 $338,640 $507,960
2016 $7,152 $500,350 $332,874 $167,476
2015 $7,002 $492,835 $327,874 $164,961
2014 $6,945 $483,182 $321,452 $161,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17079151

California Regional Multiple Listing Service (CRMLS)

APN: 8517-007-001